Jacobs Levy Equity Management Inc. Sells 164,281 Shares of Chatham Lodging Trust (NYSE:CLDT)

Jacobs Levy Equity Management Inc. cut its stake in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 40.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,068 shares of the real estate investment trust's stock after selling 164,281 shares during the period. Jacobs Levy Equity Management Inc. owned 0.49% of Chatham Lodging Trust worth $2,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLDT. Meeder Asset Management Inc. purchased a new position in Chatham Lodging Trust during the second quarter worth about $46,000. Quarry LP boosted its position in shares of Chatham Lodging Trust by 303.7% during the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 4,149 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Chatham Lodging Trust during the second quarter worth about $63,000. Allspring Global Investments Holdings LLC increased its position in shares of Chatham Lodging Trust by 322.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 7,587 shares during the last quarter. Finally, Creative Planning purchased a new stake in Chatham Lodging Trust in the third quarter valued at approximately $89,000. 88.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Chatham Lodging Trust from a "sell" rating to a "hold" rating in a report on Wednesday, August 14th.

Chatham Lodging Trust Price Performance

NYSE CLDT traded down $0.04 during trading hours on Friday, reaching $9.60. 533,378 shares of the stock traded hands, compared to its average volume of 334,687. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50 day simple moving average of $8.70 and a two-hundred day simple moving average of $8.54. Chatham Lodging Trust has a 1 year low of $7.60 and a 1 year high of $11.32. The company has a market cap of $469.55 million, a price-to-earnings ratio of -41.74 and a beta of 1.82.

Chatham Lodging Trust Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.